Ethereum has shown a strong bullish push, breaking above the prior consolidation zone between $2,400–$2,600. Price is now approaching a significant weekly supply zone between $3,800–$4,100 — a region that previously acted as a major reversal point.
🔹 Current Price: ~$3,460
🔹 Resistance Zone: $3,800–$4,100
🔹 Support Zone: $2,400–$2,600
📌 Possible Scenarios:
Rejection from resistance: ETH may test the upper supply zone and face selling pressure, triggering a pullback toward the mid-range or support.
Breakout & Close Above $4,100: Would signal strong bullish continuation with potential targets toward new highs.
📉 Watch for: Bearish price action near resistance or a potential lower high forming.
📈 Bullish Bias Confirmed if: Weekly close above $4,100 with volume support.
🧠 Patience is key at major levels. Let price action guide the next move.
🔹 Current Price: ~$3,460
🔹 Resistance Zone: $3,800–$4,100
🔹 Support Zone: $2,400–$2,600
📌 Possible Scenarios:
Rejection from resistance: ETH may test the upper supply zone and face selling pressure, triggering a pullback toward the mid-range or support.
Breakout & Close Above $4,100: Would signal strong bullish continuation with potential targets toward new highs.
📉 Watch for: Bearish price action near resistance or a potential lower high forming.
📈 Bullish Bias Confirmed if: Weekly close above $4,100 with volume support.
🧠 Patience is key at major levels. Let price action guide the next move.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.